Evening star. [volume] (Washington, D.C.) 1854-1972, 1887-10-08

NO General Advance of Rates Probns
bae-SSsne LtstGastsa Locked swr.

Geo could said. In New York, yesterday. that
the public had no reason to apprehene a general
advance OF telegraph rates as the result OF ,he
purchase OF tho Baltimore and Ohio by the West.
ern Union. Doubtless he added there Is room fos
some readjustment but rs q rule, the present
rates were paying rates. and no radical change
would be made.
The stocsholder directors OF the Baltimore ana
Ohio Rnilroad Co held an informal meeting yes.
terlay, at which the matter OF the sale OF the
telegraph 70 the western Union Co MAS discussed
II was understood that the price paid Is 600 600
In Western Union stock and $50 600 year rental
for the Baltinore and Ohio Telegraph main line>
IL IL not doubted that the railroad directors wtl
next Wednesday ratify the transaction and on
OCTOBER 10 the Western Union VIII take formal
charge OF Its new acquisition.
The banling-house circular az Mcssrs John A
Hamoleton 4 Co, OF Baltimore. Tor this week,
having been disposed OF, he parlor.csr sss,sn
VIII probably follow. IL Is 20 be presumed thAS
the money received IRON these sources win pay
the noatng deot OF the baltimore and Ohio Co,
and that the proceeds of any stock or bonds that
may be issued as provided for by the Drexes
Morgan syndicate can be used Tor betterments
repairs, &c. Mr. Garrett Is now at home and II
any one thinks that he Wal not have a say In any
ARRANGEMENT Tor the sale or any OF the assets a
the company or In the management OF IT'S Affairs
he will be much mistaken
LITIGATION LIKELY TO FOLLOW
several gentlemen from Baltimore went 70 View
York about three weeks ago and announced they
had been chosen a committee by the southetp
stockholders 10 protect therinterests In the fort n
coinihg sale. One or this committee, Mr. las Car.
Toll told reporter that on last Tuesday they had
neid conference with Jay Gould in regard &c
what they thought would he an equitable appor.
uonment OF the new stock among the old stock.
hoiders They claimed that the securities lSsu, A
py the Western Union for the purchase ut tie Bal-
unlore ana Ohio should have the same rating as
the Preterred stock OF the former COMPANY and
tney should receive In exchange Tor the stock they
~ "a ae.u western Union certificates Of the value
oi no per cent of the face OF the Old bond~
Nj. eairoa said that Mr. Gould remarked that the
western Mon and not the Southern stockholders
was buying the Baltimore and Ohio ana thar con-
s9uentH their demands amused hl,n. lie also
salu tnat A. tlat time he had controlling Inter-
est IN The Bs!umore aud OHIO and that he was In
pusilon 70 dictate terms rather than 10 aeccae
70 shem. 1his statement by could. Nr. Carroll
saio WA Ia no sense satisfactory TO the com nit
zee, ara y more than likely that the courts wlll
De apseAlec 10 10 determine what percentage OF
the OLD Stook the new stock should represent
lt IL aid tAet negotiations are now ia progress
with We fuunan Palace car GO. TO take Inc CON.
trol OF the Baltimore aud Ohio Sleeping Car Co Nc
deIaas nave yet been given Out but IL seems 10 III
only matter OF dine when thus sale viii hp cs,r,
pleted Ike the Others.